BASE METALS

Copper prices up 1%, London prices flirt with 4-month high

Monday , 06 Sep 2010
THe price of the metal was given a boost by stronger-than-expected US jobs data

World top copper miner to cut 3,000 jobs

Sunday , 05 Sep 2010
Chile's Codelco plans to eliminate 3,000 jobs by year end to boost its competitiveness. Unions quiet but warn workers to be on state of alert.

Copper steady near four-month highs

Friday , 03 Sep 2010
Copper prices remained in neutral during early trade on Friday as investors remain concerned ahead of the release of US jobs numbers later on Friday

Xstrata signs deal with Peru to start work on $4.2bn copper mine

Friday , 03 Sep 2010
Peru's president called the deal to build the Las Bambas mine, which is expected to boost copper output inPeru some 30%, the deal of the century

Equinox to look beyond Zambia for expansion

Thursday , 02 Sep 2010
The Perth-based copper miner Equinox Minerals has started a quest for additional acquisitions now that the Lumwana copper project in Zambia is bedded down.

Copper stays firm, but eyes focused on Friday's job numbers

Thursday , 02 Sep 2010
The red metal hit a new four-month peak in early trade in Shanghai but worries about the latest set of US payroll numbers out Friday are keeping gains capped

Vale fails to win controlling stake in Paranapanema

Thursday , 02 Sep 2010
The miner raised its bid for the junior copper miner from Brazil several times in a share tender on Wednesday but, failed to win a controlling stake

Reko Diq copper-gold project feasibility study submitted to provincial government

Wednesday , 01 Sep 2010
As negotiations continue regarding the financial investment agreement for the massive Reko Diq copper-gold project in Pakistan, Tethyan Copper Company submitted a feasibility study to the government of Balochistan.

Uralkali-Norilsk merger makes no sense - Russian deputy PM

Wednesday , 01 Sep 2010
Igor Sechin told reporters that he sees no sense in a merger of the two companies because they are connected neither through production, nor infrastructure

Lundin reports 2.3% increase in copper reserves

Wednesday , 01 Sep 2010
Lundin Mining CEO Phil Wright said exploration has continued to increase estimates of copper reserves and resources at the company's Neves-Corvo copper mine in Portugal.

China and the long copper bull market

Tuesday , 31 Aug 2010
Arguably supply constraints and growing China and developing world consumption make a strong case for the continuation of the copper bull market.

Investors going long on gold, exiting copper

Tuesday , 31 Aug 2010
Jitters about the health of the global economy has been causing investors to exit long positions in copper and move into gold futures.

Yunnan Copper to raise $801m to fund asset purchase

Tuesday , 31 Aug 2010
China's third largest copper producer said Tuesday it will raise the money through a private share placement

LME copper sinks0.7% as traders return from long weekend

Tuesday , 31 Aug 2010
Analysts say the weaker tone might prevail if data out this week continues to disappoint investors

Vale and ARM start new Zambia copper mine construction

Friday , 27 Aug 2010
Construction on the new $380 million Konkola North copper mine in Zambia owned 50:50 by Vale and ARM commenced this month

No end to China's metals and minerals commodity appetite

Thursday , 26 Aug 2010
China's continued strong rate of economic growth continues to suck in metals and minerals supporting global commodity prices

S. Korea, Bolivia ink preliminary MOU for lithium mine development

Thursday , 26 Aug 2010
South Korea may soon gain the right to help develop half of the world's lithium reserves which lie underneath the salt flats of Lake Uyuni in Bolivia.

Chilean earthquake cuts Antofagasta 2010 copper production forecast

Wednesday , 25 Aug 2010
Antofagasta says the copper concentrate market remains in deficit, while the mining industry's molybdenum production is limited.

As Aluminium remains volatile, Chalco to diversify into, coal, rare earths

Tuesday , 24 Aug 2010
The world's biggest aluminium company by market value also reported a loss in Q2 as it was hit by a domestic supply glut that weighed on metal prices.

Scotiabank says copper supply deficit will continue into 2011

Tuesday , 24 Aug 2010
Scotiabank's Pat Mohr has increased her LME copper price forecasts upward, citing continued Chinese demand for copper.

Base metals to stay range-bound

Tuesday , 24 Aug 2010
Base metals were steady in both London and Shanghai on Tuesday but analysts said a dearth of compelling data would likely see them range-bound

Chalco reverses year-earlier losses, posts H1 profit

Monday , 23 Aug 2010
The group posted a net profit of $78.11m but added, a domestic supply glut dragged the aluminium maker's second-quarter earnings into the red

Congo copper battle goes into overdrive

Monday , 23 Aug 2010
Reputations on the line as First Quantum says it will pursue "all legal remedies available to maintain its exclusive rights to the Kolwezi Project and Frontier mine", including against third parties.

Mining miracle in Chile - trapped copper miners found alive after 18 days

Monday , 23 Aug 2010
"Never have so few words brought such happiness to an entire nation," Chile's President declared as he read a note to the nation from the 33 trapped miners who say they are alive and well.

$10,000 copper by 2012 - not far-fetched at all!

Saturday , 21 Aug 2010
Credit Suisse analyst Michael Shillaker has gone on record as predicting $10,000 copper by 2010, but this could yet be a fairly modest prediction

Mineweb Holdings Limited, 1997 - 2010. Affiliates: Moneyweb | Infomine
About Mineweb  |  Contact  |  Advertise  |  Terms and Conditions of use  |  Site map